Benalec Holdings Initial Public Offering (IPO) received an overwhelming response with its Malaysian public portion of 36.5 million shares. It was oversubscribed by 4.92 times.
The IPO attract 11,684 applications or 216 million shares. For the Bumiputera portion, a total of 4,296 applications for 73.5 million shares were received which represents an oversubscription rate of 3.03 times.
The Public Issue and Offer for Sale exercise comprises;
1) Public Issue of 100 million of New Ordinary shares of RM0.25 each comprising:
- 36.5 million New Ordinary shares of RM0.25 each made available for application by the Malaysian Public.
- 6.5 million New Ordinary shares of RM0.25 each made available for application by the eligible directors, employees.
- 57 million New Ordinary shares of RM0.25 each for private placement.
2) Offer for Sale of 130 million of ordinary shares of RM0.25 each made available for application by Bumiputera Investors to be approved by the Ministry of International Trade And Industry
- For the 73 million shares made available by Bumiputera Investors approved by MITI, 72.8 shares were allocated. The balance of 198,000 unallocated shares were made available for application by the Bumiputera Public.
Below is the allotment summary for Bumiputera portion
| Denomination | No of Application | No of Successful Application | % Chance | Share / Successful Applications | |
|---|---|---|---|---|---|
| From | to | ||||
| 100 | 200 | 21 | 3 | 14.29 | 100 |
| 300 | 900 | 17 | 3 | 17.65 | 300 |
| 1000 | 1900 | 490 | 107 | 21.84 | 1000 |
| 2,000 | 2,900 | 248 | 56 | 22.58 | 2,000 |
| 3,000 | 3,900 | 254 | 60 | 23.62 | 3,000 |
| 4,000 | 5,900 | 376 | 93 | 24.73 | 4,000 |
| 6,000 | 10,900 | 882 | 229 | 25.96 | 6,000 |
| 11,000 | 19,900 | 792 | 213 | 26.89 | 10,000 |
| 20,000 | 49,900 | 828 | 232 | 28.02 | 20,000 |
| 50,000 | 99,900 | 243 | 72 | 29.63 | 50,000 |
| 100,000 | 199,900 | 100 | 31 | 31.00 | 80,000 |
| 200,000 | 499,900 | 38 | 13 | 34.21 | 150,000 |
| 500,000 | 999,900 | 5 | 5 | 100 | 200,000 |
| 1,000,000 | ABOVE | 2 | 2 | 100 | 250,000 |
| 4,296 | 1,119 | ||||
Below is the allotment summary for Public portion
| Denomination | No of Application | No of Successful Application | % Chance | Share / Successful Applications | |
|---|---|---|---|---|---|
| From | to | ||||
| 100 | 200 | 40 | 1 | 2.50 | 100 |
| 300 | 900 | 44 | 2 | 4.55 | 300 |
| 1000 | 1900 | 877 | 41 | 4.68 | 1000 |
| 2,000 | 2,900 | 589 | 27 | 4.75 | 2,000 |
| 3,000 | 3,900 | 621 | 36 | 5.80 | 3,000 |
| 4,000 | 5,900 | 846 | 59 | 6.97 | 4,000 |
| 6,000 | 10,900 | 2,044 | 144 | 7.05 | 6,000 |
| 11,000 | 19,900 | 2,247 | 166 | 7.39 | 10,000 |
| 20,000 | 49,900 | 2,094 | 157 | 7.50 | 20,000 |
| 50,000 | 99,900 | 632 | 56 | 8.86 | 50,000 |
| 100,000 | 199,900 | 276 | 28 | 10.14 | 80,000 |
| 200,000 | 499,900 | 83 | 13 | 15.66 | 150,000 |
| 500,000 | 999,900 | 17 | 17 | 100 | 200,000 |
| 1,000,000 | ABOVE | 7 | 7 | 100 | 250,000 |
| 5,121 | 824 | ||||
Notices of Allotment will be dispatched by post to all successful applicants on or before 14th January 2011.
Benalec is expected to be listed on the Main Market of Bursa Malaysia on 17th January 2011.
Details information are available in Bursa Malaysia webpage.
It has been a long time since i got myself involved in IPO. Always apply but never get. Very sien one leh… =.=!!
failed to get this one. aiyoh~ 🙁